Holt Double Exponential Smoothed Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Holt's bi-exponential smoothing, but only shows the trend component.

Although Holt's Bi-Exponential Smoothing is typically used for "chart-like average" indicators with a forecast component, this version shows something not seen in that type of display. The trend component is the component of double exponential smoothing and this version of the indicator only displays this component and not the values ​​on the chart.

It can be seen that it is a useful oscillator and with some experimentation it can be as effective as any other oscillator such as the trend search indicator.

In the example, I also retain Holt's bi-exponential smoothing indicator for comparison reasons. As you can see, this trend has nothing in common with the slope of Holt's bi-exponential smoothing of values ​​on the chart. They are not the same and should not be considered the same. Even their slopes are different. So, the "trend" version should be used with it's own rule (more like a MACD-like rule, but without the signal lines), and then like the on-chart version, but using both versions on the same chart to confirm each other might be a good combination (whichever you decide to use as the main rule). Additionally, the trend version can shed more light on the forecast portion of the chart version.

This version also has alarms - they trigger when the neutral line is crossed.

Attachment download

📎 holts_double_exponential_smoothing_trend.mq5 (16.84 KB)

Source: MQL5 #17081